Another Top-10 List — Most Difficult (and Easiest) States to Find a Full-Time Job

While many states now have more jobs than at any point in time, others are struggling just to get back to their pre-recession employment levels. Worse, not only is it difficult to find a job in many markets, it’s even more challenging to find full-time employment. Once again I invoke the TINSTAANREM clause — There Is No Such Thing As A National Real Estate Market. Each real estate market is different. Ditto their underlying economies.

Several factors come into play:

  • How fast the work force is growing — essentially a supply number of potential workers defined as all those who are able to work
  • Current unemployment rate – those members of the work force actively searching for a job but are unable to find one
  • Underemployment rate — 1. Workers with a part-time job desiring full-time employment 2. Highly skilled workers in low-paying jobs 3. Highly skilled workers in low-skilled jobs

Where is it easiest or most difficult to find full-time jobs in the U.S.? To answer that, 24/7 Wall St looked at the following metrics and ranked each state (with data taken from the Bureau of Labor Statistics unless otherwise stated):

  • Average underemployment rates for the 12 months ending June 2016
  • June 2016 unemployment rate versus June 2015
  • Median annual wage, employment, unemployment and labor force size from 2005 – 2015
  • Socioeconomic indicators including poverty rates and educational attainment levels — from U.S. Census Bureau’s 2013 American Community Survey

The first table ranks the most difficult states to find full-time employment and the second the easiest.

8-19-16 table1

To read the entire 24/7 Wall St article including rankings and details on all 50 states click http://247wallst.com/special-report/2016/08/10/easiest-and-hardest-states-to-find-full-time-work/

The following table shows the latest job growth for all 50 states for the 12-month ending June 2016.

8-19-16 table2

How quick can job growth change? Just two years ago North Dakota was the number one job growth state based on the percentages, today they are last.

Ted

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